- Joined
- May 1, 2008
- Messages
- 3,563
Very true. Upstream we see it all...well, mostly. More on that below. What you ladies and gentlemen see downstream reflects Bryan's comments about polarization. At the top of the chain we now reject rough at a higher rate, as @blueMA referenced. But the story doesn't end there. Even the most egregious GQ rough has value, so it's going to trickle through production and polish somewhere in the world. Where does it go after that? Not to NYC. That's a sharp market with savvy traders so @Rockdiamond lives in something of a protectorate against this. He's even one of the guards. Likewise, suppliers won't waste expense sending them to organizations who kick them back. And companies like @Texas Leaguer's have built relationships and reputations, which makes them a non-destination. This means that many remain with producer/suppliers. That's one reason you see diamonds at the bottom of virtual warehouse listings for 50% less with reports that are years old. It's also why @Garry H (Cut Nut) experiences this with more frequency. Oz is a less seasoned marketplace than the USA, and they're in closer proximity to India and China, which are ground zero for this stuff.I have no reason whatsoever to doubt my friend John's experience looking at crystals. In general, cutting round diamonds is a different ball of wax than cutting fancies- and even more so if one needs to buy crystals for super ideal RBC's. So we will see this from different perspectives.
I'm with you most of the way Bryan. As it relates to greater scrutiny as a blanket you make great points. But when it comes to gem-quality in trading centers I'm afraid your diamond mines in Houston spoil you.I just think the reason that is true probably has more to do with changes in the marketplace than lab grading trends or the quality of rough coming out of the ground.